Fairway seeking new funds after $12M 2Q loss

Fairway seeking new funds after $12M 2Q loss

Fairway Group Holdings on Thursday acknowledged it was seeking strategic alternatives to raise additional capital after reporting a $12 million quarterly loss and continued slowing sales.

The New York operator of Fairway Markets said sales declined by 7.3% to $178.9 million during the second quarter ended Sept. 27, with comparable-store sales declining by 6.5% on a 9.2% dip in traffic and a 3% increase in average baske

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